MARKET REPORT
MID-YEAR • THE STAR VALLE Y MARKET
Q2 2025 brought mixed results for the Star Valley real estate market, shaped by both local dynamics and broader national uncertainty. Ongoing volatility in global economics and domestic policy, including unchanged interest rates, inflation concerns, and cautious consumer sentiment, curbed some market momentum
Many buyers and sellers delayed major financial decisions, and yet Star Valley still managed modest overall gains. Total dollar volume rose 4% year-over-year, and average home prices increased by 19%, despite a 12% decline in total transactions
Inventory levels were up slightly, while time on market shortened, indicating stable, though price-conscious, buyer activity. The full impact of May’s stock market rebound and consumer confidence boost may surface more clearly in the second half of the year
Single-family homes remained the core of the Star Valley market, representing 45% of all transactions Though unit sales dipped 7% from Q2 2024, average prices increased 19% to $834,292, and total dollar volume rose 11% to over $59 million. Northern SV saw the highest price growth (up 28%) while Central SV led in total volume with $34 6 million in sales Southern SV posted a decline in both sales and price, likely reflecting tighter inventory and affordability limitations. Inventory rose 30% year-over-year, and time on market increased by 57%, suggesting that while buyers remain active, they are taking more time to evaluate options in a fluctuating economic landscape.
The condo and townhome segment, while smaller in size, showed powerful year-over-year growth Sales more than doubled, jumping 150%, and total dollar volume rose 377% to over $5 million The average sale price increased 84%, but the median price dropped 57% The segment’s 34% drop in average days on market indicates stronger buyer demand, particularly among those seeking lower-maintenance properties or strategic second-home investments If consumer confidence continues to rebound, this segment could continue to outperform its historic market share
Vacant land transactions fell 18% in Q2, a reflection of continued caution among buyers facing higher construction costs and longterm uncertainty. Even so, the average sale price inched up by 2%, while the median price dropped 28%, suggesting a pivot toward lower-cost parcels Total dollar volume declined 17% to just over $14 3 million Though inventory dipped slightly and pending sales ticked up, longer days on market and mixed pricing trends imply that many would-be builders remain on the sidelines As building costs stabilize and consumer confidence improves, this sector may see a delayed but eventual rebound
Commercial real estate activity increased by 50% year-over-year, with six properties sold versus four in Q2 2024 Total dollar volume rose 52% to $2.57 million. Central SV accounted for the majority of sales, though average price declined 58%, suggesting smaller or more modestly priced properties were changing hands One notable outlier in Northern SV, at $1 675 million, lifted the average across the region. The market saw a 24% increase in listings, reflecting renewed interest in income-generating assets amid a recovering tourism economy and shifting small-business landscape Commercial buyers appear to be betting on long-term growth in Star Valley, even in the face of short-term volatility.
Star Valley’s Q2 2025 real estate performance reflects both resilience and recalibration. The market held its ground during a season marked by national hesitation and modest macroeconomic tailwinds Strength in single-family and condo/townhome sales helped offset declines in land activity, while the commercial sector quietly gained traction. With consumer confidence showing early signs of recovery and inventory rising across key segments, Star Valley remains well-positioned for renewed activity heading into the second half of the year Buyers and sellers alike are becoming more deliberate, but the market remains active, optimistic, and full of potential
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SINGLE FAMILY HOMES
REPRESENTED BY MONTE CLEMOW & OLY OLSON
The single-family home market in Star Valley remained a cornerstone of regional activity in Q2 2025, showing both resilience and upward price movement despite a slight dip in transaction volume. A total of 71 homes sold, down 7% from the previous year, but the average sale price climbed 19% to $834,292, reflecting buyer appetite for quality properties and limited new inventory. Northern Star Valley saw the most significant price appreciation, with a 28% jump in average sales and a 13% rise in median price.
Central Star Valley led in overall volume with over $34 million in sales, while Southern Star Valley saw declines, suggesting that affordability and availability may be influencing regional performance. The increase in days on market, up 57% from last year, signals a more measured pace, as buyers weigh economic uncertainty and rising property values. Still, with inventory up 30%, the single-family segment remains strong, offering a range of opportunities for both primary residents and second-home seekers.
MARKET STATS
CONDOS/TOWNHOMES
REPRESENTED BY DIANE PALMER
The condo and townhouse segment in Star Valley saw a sharp rise in momentum during Q2 2025, marking it as one of the most dynamic sectors this quarter. Sales climbed from just 2 units in Q2 2024 to 5 units this year, a 150% increase, while total dollar volume skyrocketed by 377% to over $5 million. The average sale price surged 84% to just over $1 million, driven by a few high-end transactions, including a standout $4M condo and hanger sale at the Alpine Airpark. In contrast, the median sale price dropped 57%, highlighting a widening gap between luxury offerings and more modest units. Shortened average days on market, down 34%, suggest that buyers are moving quickly when the right opportunities arise. As inventory and pending contracts tick upward, this sector is becoming an increasingly attractive option for those seeking low-maintenance living, investment properties, or an affordable entry into the valley’s high-demand market.
MARKET STATS
VACANT LAND
SOLD LISTED AT $755,000 FAIRVIEW, W YOMING
REPRESENTED BY
PAT T Y SPEAKMAN
Vacant land sales in Star Valley softened in Q2 2025, reflecting a more cautious buyer mindset amid ongoing economic uncertainty and elevated construction costs. Total transactions fell 18% year-overyear, and dollar volume dipped 17% to just over $14.3 million. While the average sale price nudged upward by 2% to $191,546, the median price fell 28%, suggesting that buyers were prioritizing smaller or more affordable parcels. Northern and Central Star Valley saw moderate price stability, while Southern Star Valley experienced a noticeable drop in both volume and value. Inventory remained relatively steady, and pending sales saw a slight increase, hinting at pent-up demand. However, longer time on market and a wider pricing spread point to a market still waiting for clarity on construction timelines and costs. For buyers with a long-term vision, land in Star Valley continues to offer opportunity, but decisions are likely being made with greater scrutiny and patience.
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COMMERCIAL
REPRESENTED BY DIANE PALMER
Commercial real estate in Star Valley gained meaningful traction in Q2 2025, with sales activity increasing 50% compared to the previous year. Six commercial properties sold this quarter, up from four in Q2 2024, boosting total dollar volume by 52% to over $2.5 million. While the average sale price remained relatively flat at $428,833, the range of transactions reflected a diverse mix of property types, from small business spaces in Central SV to a standout $1.675 million transaction in Northern SV. Inventory climbed 24%, offering more options for investors and entrepreneurs looking to tap into the valley’s steady population growth and tourism appeal. With days on market holding relatively steady and buyer activity spanning multiple price points, this segment shows promising signs of renewed investor confidence and long-term commercial viability.
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